JSC International Insurance Company (IIC) has once again confirmed compliance with the international standard ISO 9001: 2008 on the results of auditing.
According to IIC, the auditor was the local office of SGS. This is a permanent auditor of the local insurer since 2006 (previously the standards were certified by Kazakh and Uzbek representations).
The parameters of the audit includes the leadership of senior management, training and work representative for quality, qualification of the personnel in the development of quality management system, the implemented effective corporate electronic system based on software INSURE-AZ, the high level of activity in the field of archiving and storage of documents and order records management.
IIC was founded by the International Bank of Azerbaijan in 2002. In 2012, it received a perpetual license for insurance activity. The authorized capital is 14.8 million manats. --17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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